When might a broker not be required to give receipts for advanced fees collected?

The correct answer is that a broker might not be required to give receipts for advanced fees collected when the fee is less than $25. This is consistent with certain state regulations and practices that set a threshold for when formal receipts are necessary. In many cases, lower fee amounts, such as those under $25, may not require strict compliance with written documentation requirements. This is often meant to reduce administrative burdens for smaller transactions while still ensuring that clients are aware of the fees they are agreeing to pay.

Other options do not accurately represent situations in which receipts might not be required. For example, regardless of whether services have been rendered, it is generally expected that a receipt should be provided for any advanced fees to maintain transparency and ensure proper record-keeping. Similarly, the absence of a client request for a receipt does not exempt the broker from the obligation to provide one, as this is more about regulatory compliance than client preference. Lastly, engaging in verbal agreements does not negate the requirement for proper documentation; brokers are still bound by licensing laws that require receipts for fees collected.